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12128 Imperial Hwy, Norwalk, CA 90650
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12128 Imperial Hwy Norwalk, CA 90650

$4,210,000 Sold Price as of 05/19/2022
  • 28 Beds
  • 14 Baths
  • 11,340 Sq.Ft.
Sold
$4,210,000 Sold Price as of 05/19/2022 Refinance Your Mortgage
Map preview of 12128 Imperial Hwy, Norwalk, CA 90650

Property Overview: 12128 Imperial Hwy Norwalk, CA has 28 bedrooms, 14 bathrooms, 11,340 living square feet and 19,454 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Don’t miss this rare investment opportunity. 14-unit apartment complex on an approximate 1/2-acre lot. Located in the heart of Norwalk near the intersection of Imperial Hwy and Norwalk Blvd. Close access to shopping, dining and near the 5 Fwy with easy access to Los Angeles and Orange County. Property consists of 14, 2 bed, 1 bath units in good condition. All units fully occupied with semi-open floor plans and spacious bedrooms. Additional parking spaces generate income. This property offers limitless potential due to its desirable location. Don’t miss out on this great investment value.

Listed by David Allis | BRE #01875271 | Golden Eagle Properties
Last checked: 5 minutes ago | Last updated: May 19th, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
19,454
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
IG22049364
City
Norwalk
County
Los Angeles
Time on Site
797 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $21,939
  • Total Rent: $21,939
  • Pro Forma/Market Rent: $28,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $263,968
  • Net Operating Income: $212,885
  • Gross Operating Income: --
  • Laundry Income: $0
  • Other Income 1: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $51,083
  • Electric: $723
  • Gas/Fuel: $0
  • Trash: $6,005
  • Insurance: $5,275
  • Maintenance: $430
  • Professional Management: $10,558
  • Water/Sewer: $8,100

Property Details for 12128 Imperial Hwy

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 19
Lot Information
  • Lot Features: 11-15 Units/Acre, Landscaped, Lawn, Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 8047004007
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Near intersection intersection of Imperial Hwy and Norwalk Blvd
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Norwalk Agent

Sale History for 12128 Imperial Hwy

Last sold for $4,210,000 on May 19th, 2022

  • May, 2022

  • May 9, 2022

    Date

    Canceled

    CRMLS: IG22017611

    $4,200,000

    Price

  • Jan 28, 2022

    Date

    Active

    CRMLS: IG22017611

    $4,200,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2022

  • Mar 15, 2022

    Date

    Pending

    CRMLS: IG22049364

    $4,200,000

    Price

  • Mar 15, 2022

    Date

    Active

    CRMLS: IG22049364

    $4,200,000

    Price

  • July, 2009

  • Jul 8, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12128 Imperial Hwy

Assessed Value (2020): $292,059
Year Land Value Improved Value Assessed Value
2020 $61,171 $230,888 $292,059

Home Value Compared to the Market

This property vs the competition

12128 Imperial Hwy sold on May 19, 2022 for 475.34% higher than the current median sold price for the city of Norwalk which is $730,000. The median sold price per/sqft for Norwalk is $567 and this home is sold at $370.37 per/sqft which puts the price per square foot 34.68% lower than the current median sale per square foot for the city of Norwalk.

About 12128 Imperial Hwy

Detailed summary of property

12128 Imperial Hwy is a multi family that recently sold in Norwalk, CA 90650. This multi family property offered 28 bedrooms, 14 bathrooms, roughly 11,340 living square feet, and sits on an approximately 19,454 square foot lot. 12128 Imperial Hwy was first listed on ArdentRealEstateGroup.com on March 12, 2022. The homeowner sold the property for $4,210,000. Home in Norwalk are selling for a median price of $730,000 and a median price per square foot of $567. Based on Ardent Real Estate Group's Norwalk Market Data, this home is sold 475.34% higher than the current median priced home. Local homes that are currently for sale include 323 N Soto St, 825 E 108th St and 433 W 7th St. While the average home in Norwalk, CA is selling in 34 days, 12128 Imperial Hwy has a days on market of 3 days. There are currently 94 homes for sale in the Norwalk real estate market and 88 of them are single family homes while 5 of them are condos and 1 are townhomes. For more information on this home for sale at 12128 Imperial Hwy Norwalk, CA 90650 contact Ardent Real Estate Group and we will put you in touch with one of our Norwalk agents.

Public Facts for 12128 Imperial Hwy

Public county record property details
Beds
--
Baths
14
Year built
1963
Sq. Ft.
11,340
Lot Size
19,453
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
8047-004-007

The source for these homes facts are from public records.

90650 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$719,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$730,000
Median Sold Price/Sq.Ft.
$570
Total Inventory
94
Median Sale to List Price %
100.7%
Avg Days on Market
16
Loan Type
Conventional (54.29%), FHA (25.71%), VA (2.86%), Cash (11.43%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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